Optimal Replacement and Management Policies for Beef Cows

W. Marshall Frasier and George H. Pfeiffer

American Journal of Agricultural Economics, 1994, vol. 76, issue 4, 847-858

Abstract: Beef cow replacement studies have not reflected the interaction between herd management and the culling decision. We demonstrate techniques for modeling optimal beef cow replacement intervals and discrete management policies by incorporating the dynamic effects of management on future productivity when biological response is uncertain. Markovian decision analysis is used to identify optimal beef cow management on a ranch typical of the Sandhills region of Nebraska. Issues of breeding season length, winter nutrition, and replacement are investigated. Results illustrate the importance of nutrition management in the replacement decision.

Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:76:y:1994:i:4:p:847-858.

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